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all right, steve. thanks very much for doing the leg work on that. steve liesman. even before today's hard line from the president at his press conference today, reports today that the president wants $1.6 trillion in tax revenue over ten years. that is twice the amount the president and republicans nearly agreed to last year during the whole debt ceiling debate. like any business deal this is all about the art of negotiating. let's put politics aside, find out what two experienced negotiators think and how they size up the fiscal cliff negotiations. joining me now is a partner at step two and johnson. he gives president obama the upper hand. but robert friedman who negotiates mna deals says republicans stand to be the winners. thank you so much for joining us. robert, is it smart negotiating by president obama to now double the amount he wants to raise in tax revenue? is this a scare tactic? >> i think it's brilliant negotiation, really, maria. i think as far as the art of negotiation, which is the topic you introduce, i think there are two keys. one is, do you ha
all right, steve. thanks very much for doing the leg work on that. steve liesman. even before today's hard line from the president at his press conference today, reports today that the president wants $1.6 trillion in tax revenue over ten years. that is twice the amount the president and republicans nearly agreed to last year during the whole debt ceiling debate. like any business deal this is all about the art of negotiating. let's put politics aside, find out what two experienced negotiators...
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Nov 14, 2012
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cnbc's steve leisman is here with that. what do they have to say? >> so they told us what i think we knew, which is that they're probably going to do additional asset purchases in january when the extenders -- what they're doing right now, this operation twist -- when that runs out. selling short term, buying long ter term. qe3-plus, maybe qe4. it is another extension of "operation twist" but they'll get rid of the selling and all they'll be doing is buying. that's one thing. another thing is they're having this big discussion internally about the guidance they provide and all i can tell you, michelle, is when i read the minutes, it doesn't sound like the discussion's ready for prime time. they are literally all over the place. they agree it needs to clang. what's the sflem they don't like this calendar dade guidance. they think it should be linked to economic goals, or economic targets. like we will stop keeping rates low when unemployment gets below, x or if inflation gets above y. but they can't agree on the targets. they're worried about the eff
cnbc's steve leisman is here with that. what do they have to say? >> so they told us what i think we knew, which is that they're probably going to do additional asset purchases in january when the extenders -- what they're doing right now, this operation twist -- when that runs out. selling short term, buying long ter term. qe3-plus, maybe qe4. it is another extension of "operation twist" but they'll get rid of the selling and all they'll be doing is buying. that's one thing....
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Nov 14, 2012
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yeah, it's bong. [ laughter ] >> steve: wow. [ cheers and applause ] >> jimmy: just bong it. >> steve: the bong's the best. >> jimmy: you gotta go and just bong it. [ applause ] [ imitating bong ] >> jimmy: and finally, pro -- marijuana has been known to treat sex addiction. con -- or as general petraeus put it, "4-20, y'all!" [ laughter and applause ] that is the "pros and cons," everybody. we will be right back with more "late night." come on back. [ cheers and applause ] ♪ [ male announcer ] applebee's new spirited cuisine. crafted with a touch of whisky, wine, and beer by highly skilled chefs. yep, this is real. double barrel whisky sirloins and new napa chicken & portobellos, starting at $9.99. see you tomorrow. and this is our emergen-c. [ nora ] when you run your own place, you can't miss a day. so we rely on emergen-c. with vitamin c for immune support plus energizing b vitamins, our regulars know we're sure to be there. get your free sample at emergenc.com. stay healthy, and feel the good. ♪ ♪ [ female announcer ] prepare yourself for the feeling of more water without u
yeah, it's bong. [ laughter ] >> steve: wow. [ cheers and applause ] >> jimmy: just bong it. >> steve: the bong's the best. >> jimmy: you gotta go and just bong it. [ applause ] [ imitating bong ] >> jimmy: and finally, pro -- marijuana has been known to treat sex addiction. con -- or as general petraeus put it, "4-20, y'all!" [ laughter and applause ] that is the "pros and cons," everybody. we will be right back with more "late...
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. >> you don't eat it, you just catch it, right, steve? >> is this japan? >> they shouldn't be increasing the quota? >> why? >> because they have no idea about the stocks. they try to pretend there's one stock in the mediterranean, one stock in the atlantic, they have no idea. it's bad data leading to bad decision. >> if earn to take this conversation, you know what it would lead to? the tragedy of the commons. >> good point. >> when there's ownership of something, you conserve. when anybody -- everybody going after the same thing, they figure if i don't do it, somebody else is going to do it. if you own timber, every time you take down a tree, you plant two more. >> much better about protecting the resource and the europeans contend they have their own stock. but we've shown through the tagging data that these fish go across the mediterranean to the atlantic, up and down the coast, it's an extraordinary fish, a good one to preserve. >> okay. >> okay. >> let's go back to steve since you're there. you've got an interesting report, and i promise you i'll be l
. >> you don't eat it, you just catch it, right, steve? >> is this japan? >> they shouldn't be increasing the quota? >> why? >> because they have no idea about the stocks. they try to pretend there's one stock in the mediterranean, one stock in the atlantic, they have no idea. it's bad data leading to bad decision. >> if earn to take this conversation, you know what it would lead to? the tragedy of the commons. >> good point. >> when there's...
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you, steve. >> steve: thank you very much. and this -- >> i'm glad you reached out. >> steve: this next one keith can identify with because it says my daughter use the word like far too often. practically every worry word. i noticed this is a common trend with kids these days, but can it be normal? >> it can be normal, like, i can do this incredibly, like, because i have a 1-year-old daughter. the other -- 1-year-old daughter. -- 14-year-old daughter. they end statements with questions, so they're like in class? and i go to campus? the bottom line is, this is normal, but here is my fear. i think it may mean that this generation isn't quite certain of what they think and feel. everything ends with a question. everything is like. nothing is definitive. >> brian: i want to get a question from the headlines. powerful people doing things they clearly know are wrong, three generals, one illicit affair, and other things. how does someone do something so dumb? >> we know from freud and before that the sexual drive trumps everything. i
you, steve. >> steve: thank you very much. and this -- >> i'm glad you reached out. >> steve: this next one keith can identify with because it says my daughter use the word like far too often. practically every worry word. i noticed this is a common trend with kids these days, but can it be normal? >> it can be normal, like, i can do this incredibly, like, because i have a 1-year-old daughter. the other -- 1-year-old daughter. -- 14-year-old daughter. they end statements...
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. >> governor, i mean, to your point, i read it entirely differently from steve. i read it as, i'm probably not going to appoint her -- >> fighting for her. >> i'll get a defense out automatically so that when i don't we don't have to relitigate this again and everyone knows where i stand on my friend susan rice. but you and i talked about this earli earlier, governor and made a bet with a colleague. >> not for $10,000. >> not. >> way more than that. >> you and i agreed against another colleague that if susan rice was put up for nomination we could think of a couple democrats who would oppose her nomination. >> right. >> why would obama waste capital on susan rice when he's got so many other things to worry about right now? >> s.e. makes a good point. the president has to use capital. we need republican cooperation to get anything done in this country, important things. >> right. >> why rip off a scab and an open sore trying to build that cooperation? that's on the one hand. on the other hand, the president i believe, deeply believes that this is unfair but i thin
. >> governor, i mean, to your point, i read it entirely differently from steve. i read it as, i'm probably not going to appoint her -- >> fighting for her. >> i'll get a defense out automatically so that when i don't we don't have to relitigate this again and everyone knows where i stand on my friend susan rice. but you and i talked about this earli earlier, governor and made a bet with a colleague. >> not for $10,000. >> not. >> way more than that. >>...
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we're going to talk with new york congressman steve israel. he works side by side with nancy pelosi. we'll chat about what he thinks is ahead for her. and a dramatic car accident, oh, my goodness, caught on camera. we'll tell you why the woman behind the wheel is the last person that you would expect. that's ahead. stay with us. one. two. three. my credit card rewards are easy to remember. with the bankamericard cash rewards credit card, i earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on gas! no hoops to jump through. i earn more cash back on the things i buy most. [ woman in pet store ] it's as easy as... [ all ] one! -two. -[ all ] three! [ male announcer ] the bankamericard cash rewards credit card. apply online or at a bank of america near you. >>> will she stay or will she go? congresswoman nancy pelosi has a news conference in less than three hours. she's holding it on capitol hill, of course. expecting to find out then whether or not she's planning to run for the house minority leadership position o
we're going to talk with new york congressman steve israel. he works side by side with nancy pelosi. we'll chat about what he thinks is ahead for her. and a dramatic car accident, oh, my goodness, caught on camera. we'll tell you why the woman behind the wheel is the last person that you would expect. that's ahead. stay with us. one. two. three. my credit card rewards are easy to remember. with the bankamericard cash rewards credit card, i earn 1% cash back everywhere, every time. [ both ] 2%...
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now, to get the get the traffic, we check in ith steve. looking steve by 395 northbound. th is just before the 14 with the dge, ccident activity still there on the right shoulder. while.en there for a means you're going to be up d up most of the way springfield to get to the at street bridge, but shoulder. is on the now, 270 to 270 right , very she have. backup actually begins all t 121 clarksburg down to the lane ivide and on to the inner loop of the beltway. and here's a look at the weather with jacqui. a beautiful look at the weather. , skies are hining it's a chilly start this morning. national. at reagan dulles. gaithersburg. in martinsburg. 27 in frederick. are going mperatures cool today, but it will , 45 to with sunshine 50 degrees. warming tle bit of the next three, four days so. sunday, and a shower. so much, jacqui. going to be back here at so much, jacqui. going to be back here at .:56 [ knocking ] oh, no, i got to go. oh, can you make that to go? these days, nobody has time to get sick. but miteclinic makes it easy to get well. our nurse practitioners can dia
now, to get the get the traffic, we check in ith steve. looking steve by 395 northbound. th is just before the 14 with the dge, ccident activity still there on the right shoulder. while.en there for a means you're going to be up d up most of the way springfield to get to the at street bridge, but shoulder. is on the now, 270 to 270 right , very she have. backup actually begins all t 121 clarksburg down to the lane ivide and on to the inner loop of the beltway. and here's a look at the weather...
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Nov 14, 2012
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steve osunsami is here with the latest on that. steve, good morning. >> reporter: good morning. here's why when you have a clerk check a lottery ticket to see if you won, you should sign it first and then ask for it back. andy and nael ashkar scammed one of their customers out of a winning ticket. and then, tried to claim the prize. andy ashkar claims he bought that winning ticket himself, in 2006, at a syracuse convenience store where he worked. and then waited six, long years to split the money with his brother, because he worried that the cash would negatively affect his relationship with his girlfriend. >> i would hope that at some point in the last six years, he had been convinced that she did marry him for love. >> reporter: lottery officials say that was the first clue. love or not, no one waits that long to claim $5 million. >> $5 million. >> claim it. >> waited until now. >> reporter: but they put out a detailed press release anyway, hoping it would eventually lead them to the winner. prosecutors are calling the brothers cheats and crooks, saying they swindled the ticke
steve osunsami is here with the latest on that. steve, good morning. >> reporter: good morning. here's why when you have a clerk check a lottery ticket to see if you won, you should sign it first and then ask for it back. andy and nael ashkar scammed one of their customers out of a winning ticket. and then, tried to claim the prize. andy ashkar claims he bought that winning ticket himself, in 2006, at a syracuse convenience store where he worked. and then waited six, long years to split...
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. >>> new york congressman steve israel is going to join us this morning. pennsylvania congresswoman allison schwartz, general james "spider" marks joins us, and patty murray. newt gingrich and callista gingrich will join us. they've written his and her books. going to talk about what the republican party needs to do as it moves ahead. and we'll talk to oliver stone. he's written a lot and done a number of movies on historical events. whether it's vietnam or jfk's assassination. but he says history as we know it is all wrong, and that there's an untold history. yes. an untold history. he'll tell us what that's all about. >> all wrong? >> completely wrong. throw away everything you knew. you thought you knew. wrong. >> we're going to tune in for that. >> oliver stone. >> 54 minutes past the hour. it's been more than two weeks since superstorm sandy struck. thousands of people on new york's long island are still in the dark. >> and much of the anger has been districted at the long island power authority, or lipa as it's called, for failing to prepare for and
. >>> new york congressman steve israel is going to join us this morning. pennsylvania congresswoman allison schwartz, general james "spider" marks joins us, and patty murray. newt gingrich and callista gingrich will join us. they've written his and her books. going to talk about what the republican party needs to do as it moves ahead. and we'll talk to oliver stone. he's written a lot and done a number of movies on historical events. whether it's vietnam or jfk's...
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that's it from cnbc, first in business worldwide. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> with today's press conference behind him, the president quickly moved on to meetings with business leaders from companies as diverse as aetna and epcy to chevron and walmart. on friday he welcomes congressional leaders to the white house when he says he'll attempt to come to an agreement on taxes and soon. >> i want a big deal. i want a comprehensive deal. i want to see if we can, you know, at least for the foreseeable future provide certainty to businesses and the american people so that we can focus on job growth. >> msnbc's mike viqueira joins us live from the white house. t
that's it from cnbc, first in business worldwide. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td...
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. >>> i want to turn to a member of general petraeus' inner circle, his former spokesman, colonel steve boylan. colonel, thank you for joining me. when did you last speak to david petraeus? >> i spoke with him last night and we exchanged some correspondence this morning. >> how would you describe his state of mind? >> well, i think his state of mind is fine. i would suggest, though, that he is very well aware of everything that's going on, how much hurt he has caused his family, the implications of him resigning and the poor judgment and decisions that he made that led to this. >> colonel, would you say that there's any part of general petraeus' state of mind that regrets resigning? the reason i ask that is that he was interviewed by the fbi three, four weeks ago and clearly didn't resign as a result of that interview, which must have been the moment he realized this was all potentially going to come out. and there is a suggestion in some reports that he believed for awhile he may be able to hang on to his job. >> well, i think he definitely regrets the reasoning behind why he had to re
. >>> i want to turn to a member of general petraeus' inner circle, his former spokesman, colonel steve boylan. colonel, thank you for joining me. when did you last speak to david petraeus? >> i spoke with him last night and we exchanged some correspondence this morning. >> how would you describe his state of mind? >> well, i think his state of mind is fine. i would suggest, though, that he is very well aware of everything that's going on, how much hurt he has caused...
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as an act of terror which he didn't but then we know now that that night he gave an interview with steve croft saying they didn't know what was the cause it and went on, on numerous venues saying that it was a spontaneous flash mob that had nothing to do with a terrorist act and so he didn't tell the truth. the american people at one time or another. >> susan rice appears to be front-runner for secretary of state. you told cbs last night that you will do everything to stop her confirmation. why? >> she's not qualified. anyone who goes on national television in defiance of the facts five days later, we're all responsible for what we say and what we do. i'm responsible to my voters. she's responsible to the senate of the united states. we have our responsibilities forced advise and consent. i was on "face the nation" when she told that story and right after it was said it was al qaeda. >> can you help me understand this, senator. the cia talking points that were prepared on september 15th, the same day that rice was on all those sunday shows and "face the nation" that said that currently a
as an act of terror which he didn't but then we know now that that night he gave an interview with steve croft saying they didn't know what was the cause it and went on, on numerous venues saying that it was a spontaneous flash mob that had nothing to do with a terrorist act and so he didn't tell the truth. the american people at one time or another. >> susan rice appears to be front-runner for secretary of state. you told cbs last night that you will do everything to stop her...
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guys, back to you. >> steve, it's david. first of all, i compliment your use of color. love the purple, very pretty at the top there. you look at that chart. i mean, that's progressive taxation at its finest -- at its most extreme, it would seem. >> it is. >> i wonder if those who believe taxes need to go up on the wealthy whether they embrace that and say, let's go over the cliff. you say half a trillion if you get to spending cuts, i mean, those worried about deficit reduction have to say, well, that will certainly help. >> it will help. two pieces to that, increase of taxes on the wealthy in a progressive manner, as you noted but also increasing for everybody so it's broadening the base, which is what republicans want. in that regard going over the cliff has a compromise element to it. >> i'm still thinking about lovie, we're going to be paying more in taxes, the gilligan's island reference from steve banks. >> tonight? >> why the markets may not be having trouble. >> and dan o'keefe. >> yes. >> let's get to the third hour of "squawk on the street." here's what you m
guys, back to you. >> steve, it's david. first of all, i compliment your use of color. love the purple, very pretty at the top there. you look at that chart. i mean, that's progressive taxation at its finest -- at its most extreme, it would seem. >> it is. >> i wonder if those who believe taxes need to go up on the wealthy whether they embrace that and say, let's go over the cliff. you say half a trillion if you get to spending cuts, i mean, those worried about deficit...